Research summary: Climate finance MIA for DRE

The International Energy Agency (IEA) says $19.6 billion needs to be invested each year in distributed solutions (mini-grid and off-grid systems) to achieve universal electricity access by 2030. Yet currently just 0.2% of climate finance goes to such solutions, and low-income countries (i.e. the ones who suffer most from energy poverty and climate change) get just 5% of total clean energy finance. India, by the way, which is classified as a lower-middle income country, has received about one-third ($170 million) of total climate finance for DRE.